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Tether Revises Fundraising Plans to $50 Billion, Emphasizes Robust Profitability Amid Valuation
Tether has reduced its potential fundraising size from $150-200 billion to around $50 billion after clarifying that the earlier higher figure was the 'maximum amount of equity it was willing to sell,' not a target. CEO Paolo Ardoino affirmed the company's profitability, citing $10 billion profits last year and indicated no urgent need for financing rounds. Despite reduced profit forecasts for 2025, Tether remains confident in its financial health amidst investor scrutiny.$USDT #Tenter
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